CBSE Class 10 Information Technology Entrepreneurial Skills II MCQs

Question. Incompetent staff means
(a) experienced staff
(b) qualified staff
(c) not experienced and qualified staff
(d) None of the options

Answer: C

Question. Which of the following characteristics should an entrepreneur have?
(a) Innovativeness
(b) Motivator
(c) Goal-oriented
(d) All of the options

Answer: D

Question. Which of the following is/are the function(s) of an entrepreneur?
(a) Innovation
(b) Risk taking
(c) Decision-making
(d) All of the options

Answer: D

Question. Which of the following is a disadvantage of entrepreneurship as a career?
(a) Uncertainty
(b) Independency
(c) Ambition fulfilment
(d) None of the options

Answer: A

Question. Innovation of an entrepreneur includes
(a) division of work
(b) opening new markets
(c) introducing new products
(d) Both (b) and (c)

Answer: B

Question. Which of the following is an advantage of entrepreneurship as a career?
(a) Risk
(b) Hardwork
(c) Independence
(d) None of the options

Answer: C

Question. In which situation an entrepreneur will not be able to convince his fellow beings? If he/she is
(a) low self-confident
(b) innovative
(c) risk-taker
(d) None of the options

Answer: A

Question. Which of these is the main aim of entrepreneurship?
(a) Earning profit
(b) Providing innovative products and services
(c) Both (a) and (b)
(d) Neither (a) nor (b)

Answer: C

Question. ‘An entrepreneur has to get the work done through others.’ Which characteristic of the entrepreneur does this statement depict?
(a) Motivator
(b) Organiser
(c) Innovator
(d) None of the options

Answer: A

Question. Which of the following does an entrepreneur perform to achieve his goals?
(a) Advertisement and publicity
(b) Appointment of selling agents
(c) Both (a) and (b)
(d) New organisation structure

Answer: C

Question. Decision-making function of entrepreneur includes
(a) Hardwork
(b) Risk bearing
(c) Utilisation of financial resources
(d) Innovative

Answer: B

Question. Rehnuma has two people who work for her. Every day, she spends one hour with them to learn about what they have done that day. This means she
(a) Creates a new product
(b) Divides income
(c) Manages the business
(d) Innovates a product

Answer: C

Question. Mary buys bulbs for her business from Noida. She learns that bulbs are cheaper in Faridabad. So, she decides to start buying bulbs from there.
(a) Make decisions
(b) Divide income
(c) Take risks
(d) Goal-oriented

Answer: A

Question. How does an entrepreneur can get the work done from his/her team?
(a) By creating a spirit of teamwork
(b) By motivation
(c) Both (a) and (b)
(d) Using harsh words and actions

Answer: C

Question. Which of the following statement is true about entrepreneurship?
(a) A lot of money is needed to start an entrepreneurial venture.
(b) Entrepreneurial ventures are mostly successful.
(c) Entrepreneurial ventures are easy to start.
(d) Most of the entrepreneurial ventures end up as failures.

Answer: A

Case Based MCQs : 1

Business includes all those economic activities which are concerned with the production/purchase and sale or exchange of goods and services with the objective of earning profits. A business enterprise is an economic institution as it is engaged in the production and/or distribution of products and services in order to earn profits. A factory owner, a shopkeeper, a transport company, an insurance company, a commercial bank, an advertising agency, etc., are examples of business enterprises. Hence, business may be defined as an economic activity involving the production and sale of goods and services to earn profits by satisfying human needs. On the other hand, entrepreneurship is the process of discovering an opportunity, mobilising resources, launching an enterprise to explore the opportunity. It is an attempt to create value. Business and entrepreneurship are complementary to each other and cannot be separated.

Question. In which of the following activity a business enterprise is involved?
(a) Production and/or distribution of products and services in order to earn profits.
(b) Discovering an opportunity and mobilising resources.
(c) Launching an enterprise to exploit the opportunity.
(d) All of the options

Answer: A

Question. Which of the following is/are example(s) of business activities?
(a) An advertising company
(b) A factory owner
(c) A transport owner
(d) All of the options

Answer: D

Question. What is the name given to the process of discovering an opportunity, mobilising resources, launching an enterprise to exploit the opportunity?
(a) Entrepreneurship
(b) Entrepreneurship development
(c) Entrepreneurship activities
(d) Entrepreneur

Answer: A

Question. Which of the following statement(s) is/are false about business?
(a) Business may be defined as an economic activity involving the production.
(b) Business is concerned about the sale of goods and services to earn profits by satisfying human needs.
(c) Both (a) and (b)
(d) Business is an attempt to create value.

Answer: D

Question. Which of the following is/are complementary to each other?
(a) Entrepreneurship and marketing
(b) Business and sales
(c) Business and entrepreneurship
(d) Business and marketing

Answer: C

Case Based MCQs : 2

Entrepreneurship development is the process of improving the skills and knowledge of entrepreneurs through various training and classroom programs. Entrepreneurship development is concerned with the study of entrepreneurial behaviour, the dynamics of business set-up, development and expansion of the enterprise. The whole point of entrepreneurship development is to increase the number of entrepreneurs. This accelerates employment generation and economic development.

Entrepreneurship is promoted to help lessen the unemployment problem, to overcome the problem of stagnation and to increase the competitiveness and growth of business and industries.

Entrepreneurship development concentrates more on growth potential and innovation. Entrepreneurship development has gained increasing significance in developing an economy. It is an organised and systematic development. It is a tool of industrialisation and a solution to unemployment problem for any country.

Question. Which of the following statement(s) is/are true about entrepreneurship development?
(a) Entrepreneurship development is an organised and systematic development.
(b) Entrepreneurship development concentrates more on growth potential and innovation.
(c) Entrepreneurship development is the process of improving the skills and knowledge of entrepreneurs through various training and classroom programs.
(d) All of the options

Answer: D

Question. Which of the following is a tool of industrialisation and a solution to unemployment problem for any country?
(a) Entrepreneur
(b) Entrepreneurship
(c) Entrepreneurship development
(d) None of the options

Answer: C

Question. Which of the following is the concern related to the study of entrepreneurship development ?
(a) Entrepreneurial behaviour
(b) Dynamics of business set-up
(c) Development and expansion of the enterprise
(d) All of the options

Answer: D

Question. Which of the following does entrepreneurship development does not accelerate?
(a) Employment generation
(b) Economic development
(c) Stagnation of resources
(d) All of the options

Answer: C

Question. The whole point of entrepreneurship development is related to
(a) increase the number of stakeholders
(b) increase the number of entrepreneurs
(c) decrease the number of shoppers
(d) increase the number of developers

Answer: B